Reborn with Consumption System

"I made 3 billion in three years at Minsheng Bank, which is far more promising than the steel industry. Who would have thought the subprime crisis would have such a profound impact?"

Upon hearing this, Han Lie fully understood the other person’s caliber.

To summarize, just a super lucky person riding the waves of the times.

In the initial years, Haixin’s revenue skyrocketed, not because he was really proficient in management and strategy, but because he happened to catch the country’s massive infrastructure expansion, benefiting from the skyrocketing steel prices.

Actually, if he hadn’t immediately vetoed his father’s plans upon accession and had followed the original plan to establish a vast production capacity of 15 million tons of steel and 15 million tons of iron by 2009, becoming a pillar enterprise of the Mining Province, today’s predicament could have been avoided.

On one hand, the overall downturn in the steel industry and cheap steel from small steel mills wouldn’t affect Haixin at that time, allowing it to successfully weather the downturn until the government intervened to rectify the industry.

On the other hand, he could have received full support and protection from the Mining Province, ensuring a secure fallback.

But this guy stayed in the Imperial Capital for a long time, completely neglecting the steel mills, sinking deep into investments and acquisitions, without having truly impressive skills and foresight.

Typical of someone with high ambitions but low abilities.

Judging from him establishing something called Chana Guild online and spending money on internet celebrities all day, he’s basically at the same level as Sisceng.

It’s not that you can’t play around, but, you have to understand your main business first, and play in your spare time.

Realizing the other’s level, Han Lie lost all interest in communication and gave a simple comment.

"Industrialists desperately shifting from real to virtual. If analyzed macroscopically, the reason is the thin profits from the production country position in the entire international trade chain; finance is a quicker way to make money, which is an objective cause.

From a micro perspective, business owners can’t bear solitude and insist on rushing into speculative areas, which nobody can stop.

After all, not every boss can be like President Ren or President Cao, holding firm beliefs and steadfastly staying in the real economy.

So this has nothing to do with the country’s policy of promoting public over private enterprises.

The industry is depressed due to the macro environment, small steel mills engage in price wars with inferior steel, and medium-sized private steel mills can’t endure solitude and all turn to virtual transformations, leaving a gap that state-owned enterprises have to fill.

Through counter-cyclical adjustments, gritting our teeth through a few unprofitable years, and finally seeing the clouds disperse, revealing the moonlight when the industry starts to make money, then you guys again cry for state withdrawal and private entry being unfair, which is unreasonable.

In fact, the province always supported your father’s third phase expansion plan, right?

I heard that the province wanted to have deep discussions with you multiple times, but you avoided them by slipping away to the Imperial Capital, never returning?"

Li Chaohui’s face alternated between green and white, speechless.

Han Lie finally understood why Haixin collapsed so terribly and why the former father-in-law had that intriguing attitude.

It turns out the province, from top to bottom, none of them liked this former tycoon.

Especially the one in charge of industry, who probably grinds his teeth upon seeing him.

If this guy doesn’t find a way to disappear, he surely won’t end well.

But who knows?

Perhaps even his ashes have been scattered at sea...

Having absorbed a wave of lessons, Han Lie had nothing else to discuss with him.

Thus, to perform one last act for Wang Qiwei and the others, Han Lie stood up, patted Li Zhaohui’s shoulder with profound meaning—

"Us Shanxi merchants have always had the tradition of staying away from politics but being close to the government.

Brother Li, your shift from real to virtual seems to conform with the tide of the times, but the government, on the contrary, controls counter-cyclically, unwaveringly holding to real industry.

You lost once, you lost everything.

The state enterprises suffered for three years, now their profits are soaring.

So who’s right and who’s wrong?

I’m an expert in financial speculation, but even I dare not fight continuously in the stock market and plan to completely withdraw after riding this bull market, and turn to manage real industry...

Enough said, thank you for your hospitality, we’ll meet again someday."

Released his hand, walked away nonchalantly.

Leaving behind a distraught Li Zhaohui, who in the end couldn’t voice his demands.

On the other side, Wang Qiwei and the others were completely panicked.

What macro, what cycle, they didn’t understand.

Only that one sentence was understood and deeply touched them — finishing this wave and then withdrawing!

Darn it!

The last chance?

Damn! If you miss it, you deserve to be struck by lightning!

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